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Best Buy Is ‘a Spring-Loaded Stock.’ It Just Got an Upgrade.

Best Buy Is ‘a Spring-Loaded Stock.’ It Just Got an Upgrade.

Sunnier skies are ahead for Best Buy J.P. Morgan argued on Friday. Analysts led by Christopher Horvers upgraded shares of the electronics retailer to Overweight from Neutral and raised their target for the price to $101 from $89. Last month, Best Buy topped earnings estimates, delivered financial forecasts for fiscal 2025 that were largely in line with expectations, and offered positive commentary.